ANNOUNCEMENT 25 Oct 2011

In October 2011, the government of South Africa announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Exchange Control Circular No. 15/2011, South African Reserve Bank, 25 October 2011.


Inception date: 25 Oct 2011 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 25 October 2011, the South African Reserve Bank published a circular in relation to a liberalisation of the country's foreign exchange policy.
The Exchange Control Circular No. 15/2011 'Improving access and competition in cross-border money remittances' announces the abolition of ownership restrictions on foreign participation in Authorised Dealers in foreign exchange with limited authority.
 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A